Deposit Interest Rate in South Africa decreased to 3.75 percent in February from 3.80 percent in January of 2021. source: IMF

Deposit Interest Rate in South Africa averaged 10.25 percent from 1977 until 2021, reaching an all time high of 21.60 percent in August of 1998 and a record low of 3.75 percent in February of 2021. This page includes a chart with historical data for Deposit Interest Rate in South Africa. Deposit Interest Rate in South Africa - values, historical data and charts - was last updated on April of 2021.

Deposit Interest Rate in South Africa is expected to be 3.80 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Deposit Interest Rate in South Africa to stand at 4.30 in 12 months time. In the long-term, the Deposit Interest Rate in South Africa is projected to trend around 4.30 percent in 2022, according to our econometric models.

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Deposit Interest Rate in South Africa

Actual Previous Highest Lowest Dates Unit Frequency
3.75 3.80 21.60 3.75 1977 - 2021 percent Monthly

South Africa Money Last Previous Highest Lowest Unit
Interest Rate 3.50 3.50 23.99 3.50 percent [+]
Money Supply M0 294316.00 286217.00 307663.00 415.00 ZAR Million [+]
Money Supply M1 2196506.00 2189186.00 2208541.00 1482.00 ZAR Million [+]
Interbank Rate 3.68 3.68 16.96 3.33 percent [+]
Money Supply M2 3445466.00 3477653.00 3491791.00 2887.00 ZAR Million [+]
Money Supply M3 4158705.00 4173357.00 4173357.00 4796.00 ZAR Million [+]
Foreign Exchange Reserves 52995.00 53788.00 57876.00 5316.00 USD Million [+]
Banks Balance Sheet 6523855.00 6537933.00 6619177.00 114781.00 ZAR Million [+]
Loans to Private Sector 3990814.00 4005676.00 4054071.00 4051.00 ZAR Million [+]
Deposit Interest Rate 3.75 3.80 21.60 3.75 percent [+]
Central Bank Balance Sheet 884466.00 903027.00 1087533.00 543.00 ZAR Million [+]
Lending Rate 10.00 10.00 25.50 5.00 percent [+]


Deposit Interest Rate in South Africa
The Deposit Interest Rate is the average rate paid by commercial banks to individuals or corporations on deposits.